A recent article from BizBuySell entitled “The Market is Hot: Retiring Baby Boomers and Rising Revenues Fuel Record Small Business Sales” discusses the effect retiring baby boomers are having on the current market and the outlook for the future.
Business sales are at a record high within the first two quarters of 2018. The growth in the market can be attributed to baby boomers exiting their businesses and favorable business financials. Asking prices are increasing, buyers are entering deals with better financial footing and the state of the market overall is on the up and up with benefits on both sides.
With baby boomers owning the majority (53%) of small businesses, and almost 60% of them planning to sell their businesses within the next two years, the market is predicted to remain favorable for the next few years. However, experts warn that the effects of the change in immigration laws and the trade war with China are yet to be seen on the market.